Telstra Correlations

TTRAF Stock  USD 2.38  0.00  0.00%   
The current 90-days correlation between Telstra Limited and Singapore Telecommunications Limited is 0.05 (i.e., Significant diversification). The correlation of Telstra is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Telstra Correlation With Market

Average diversification

The correlation between Telstra Limited and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Telstra Limited and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Telstra could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Telstra when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Telstra - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Telstra Limited to buy it.

Moving together with Telstra Pink Sheet

  0.69DTEGY Deutsche TelekomPairCorr
  0.66EC Ecopetrol SA ADRPairCorr
  0.74PKX POSCO HoldingsPairCorr
  0.62MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.68KO Coca Cola Fiscal Year End 11th of February 2025 PairCorr

Moving against Telstra Pink Sheet

  0.66DTEGF Deutsche TelekomPairCorr
  0.64T ATT Inc Aggressive PushPairCorr
  0.55NTTYY Nippon TelegraphPairCorr
  0.51CMCSA Comcast Corp Fiscal Year End 23rd of January 2025 PairCorr
  0.5PTAIF PT Astra InternationalPairCorr
  0.47BLND Blend LabsPairCorr
  0.36PIFMY Indofood Sukses MakmurPairCorr
  0.31SSNLF Samsung ElectronicsPairCorr
  0.73TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.69JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr
  0.61WMT Walmart Aggressive PushPairCorr
  0.6MCK McKessonPairCorr
  0.58DIS Walt DisneyPairCorr
  0.52AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.5CVX Chevron Corp Fiscal Year End 7th of February 2025 PairCorr
  0.48AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.33MNDY MondayComPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
VODPFMTNOY
TLTZYMTNOY
KDDIFMTNOY
VODPFTLTZY
VODPFSNGNF
MTNOYBGAOY
  
High negative correlations   
ASEJFSMNUF
TLSNFBGAOY
TLSNFVODPF
TLSNFMTNOY
TLSNFSNGNF
TLSNFSMNUF

Risk-Adjusted Indicators

There is a big difference between Telstra Pink Sheet performing well and Telstra Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Telstra's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SMNUF  2.96 (0.53) 0.00  0.81  0.00 
 7.74 
 69.48 
BGAOY  1.49 (0.25) 0.00  1.20  0.00 
 4.96 
 11.28 
SNGNF  0.89 (0.11) 0.00 (0.53) 0.00 
 1.35 
 21.20 
MTNOY  1.58 (0.09) 0.00  0.46  0.00 
 2.89 
 11.05 
TLTZY  1.74 (0.05) 0.00  0.28  0.00 
 3.41 
 17.50 
VODPF  1.77 (0.06) 0.00  0.57  0.00 
 4.65 
 27.67 
TLSNF  0.66  0.36  0.00 (0.51) 0.00 
 0.00 
 25.04 
KDDIF  1.06  0.01  0.00  0.10  0.00 
 3.86 
 15.64 
AMXOF  6.26  0.06  0.00  0.24  7.54 
 18.06 
 43.19 
ASEJF  0.96  0.38  0.00 (0.58) 0.00 
 4.00 
 17.04 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Telstra without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Idea Optimizer Now

   

Idea Optimizer

Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
All  Next Launch Module

Telstra Corporate Management

Lyndall StoylesSustainability, ExecProfile
Brendon BBusGroup Executive of Global Enterprise and ServicesProfile
Nathan BurleyHead RelationsProfile
David BurnsActing Group Executive - Global Enterprise and ServicesProfile
Michael AcklandActing Group ExecutiveProfile
Nikos KatinakisGroup Executive - Networks & ITProfile
Vicki BradyGroup Executive, Consumer and Small BusinessProfile